Two-Phase Withdrawal Mechanism

The innovative two-phase withdrawal mechanism enhances the security of asset withdrawals, aiming to prevent unauthorized or malicious activities.

1. Phase 1 - Prepare Withdrawal:

   • Function Signature: function prepareForceWithdraw(address token, uint256 amount) external returns (uint256 requestID);

   • Description: Users initiate a withdrawal request, which starts a security hold period during which the transaction is reviewed.

2. Phase 2 - Commit Withdrawal:

   • Function Signature: function commitForceWithdraw(uint256 requestID) external;

   • Description: After the hold period, and if no security issues are detected, the user can complete the withdrawal process by committing the withdrawal with the previously obtained requestID.

Transparency and Openness

• Open Source: Bitavon’s smart contracts are available on public repositories for transparency, allowing developers to review and contribute to the codebase.

• Documentation: Comprehensive documentation and detailed contract annotations help developers understand and integrate with the trading platform efficiently.